This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
I would like to know how the system will derive offset account for the receipts write-offs and what are the journals entries will be created for the receipt write-offs.
when we perform inventory accrual write off the system will use the variance account of the PO as offset account and when the create account program is run system will create the following journals
Accrual account ...................DR
To Offset account .....................CR
